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Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

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By&nbspClark

Crypto analysts predict a solid bullish upward move for ETFSwap (ETFS) as September approaches. With predictions of a bullish breakout, ETFSwap (ETFS) is capturing attention, leaving other tokens like Polkadot (DOT) and Near Protocol (NEAR) in the spotlight for comparison. 

ETFSwap (ETFS): To Make Next Bullish Move As Forecasted By Analyst

With the crypto market facing uncertainty, ETFSwap (ETFS) is emerging as a promising alternative to Polkadot (DOT) and Near Protocol (NEAR). Analysts believe that ETFSwap (ETFS) will make a bullish move in September, and its competitors will struggle to keep up. As ETFSwap (ETFS) enters its final presale stage, investors and analysts can purchase the token at $0.03846, setting the stage for potential profits as the token is projected to make a bullish move.

As is evident, ETFSwap (ETFS) is known to support the trading of tokenized ETFs with up to 50x leverage to increase users’ trading capability. In contrast to traditional ETFs, ETFSwap (ETFS) enables users to swap tokenized ETFs for other cryptos, expanding their portfolios. The fact that the platform is still in its final stage is no wonder interested investors are buying the ETFS tokens massively to generate revenues.

ETFSwap (ETFS) has undergone an audit by the well-known security firm CyberScope, ensuring the platform is safe for users. All team members have passed the KYC check; it has positively influenced the development of confidence in the project and increased the number of registered users.

Over 15,000 users have registered for the platform’s KYC-free trading system, which offers trading for perpetuity with up to 50x leverage. The system also features an array of AI tools to identify patterns in the market and even predict them. In addition to AI tools like an ETF tracker and ETF screener, ETFSwap (ETFS) also comes with staking rewards, monthly airdrops, and up to an 87% APR yield, making it quite lucrative for investors and analysts.

Polkadot (DOT): Aims To Stay Afloat Amidst Uncertain Market Downturn 

Polkadot (DOT), a decentralized protocol known for using parachains to enhance speed and scalability, is now facing challenges. This platform allows more transactions, governance, and staking tokens. Recent market conditions have put pressure on it, with bearish trends dominating its charts.

After its 2020 launch, Polkadot (DOT) was once hailed as a significant contender in the crypto space, but its value has steadily declined from a yearly high of $10 to its current price of around $4.18. Last week, it dropped by 0.4%; over the past month, it slid by 12%, raising concerns among investors. As Polkadot (DOT) struggles to hold the $4 mark, many holders are growing uneasy, fearing the possibility of further downward movement in the coming days.

Near Protocol (NEAR): Recovers From Hack, Faces Struggles In The Market

Near Protocol (NEAR) is another coin trying to stay competitive with ETFSwap (ETFS), but it recently faced a setback when its X (formerly Twitter) account was hacked. Unlike typical breaches aimed at promoting fake airdrops or rug pulls, this hack took a different turn. The unidentified hacker used the account’s popularity to post hate messages targeting the crypto and Web3 sectors, adding Near Protocol to the list of projects hit by multiple hacks.

Near Protocol (NEAR) is trading at $3.87 at the time of writing, having dropped 2% over the past week and 4.5% over the past month. Despite this decline, its 24-hour trading volume surged by 16.4% to over $154 million, while its market cap saw a modest 4.3% increase, reaching $4 billion. Despite the recent challenges, Near Protocol (NEAR) continues to rank among the top 20 coins, according to CoinMarketCap.

Why Analysts Say ETFSwap (ETFS) Is The Best Bet To Buy In September 

Analysts believe that ETFSwap (ETFS) is in the process of raising more than $4 million, and the token’s price will increase when entering the bullish stage in September. Polkadot (DOT) and Near Protocol (NEAR) investors have already started shifting their funds into ETFSwap (ETFS), recognizing its potential for significant returns.

With the presale still ongoing and tokens available at a low price, analysts say now is the time for investors to act and secure their position before the token’s price climbs further. ETFSwap’s presale performance shows that it is most likely to surge massively as it makes its next bullish move and ranks as the best ETF trading platform in 2024.

For more information about the ETFS Presale:

Visit ETFSwap Presale

Join The ETFSwap Community

Clark

Head of the technology.

#Press Release

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November Was a ‘Monumental’ Month For The Crypto Market, JPMorgan (JPM) Says

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November was a monumental month for the crypto market in terms of performance, activity, politics and sentiment, JPMorgan (JPM) said in a research report Monday.

“President-elect Donald Trump’s reelection triggered a historic rally and jump in market caps across the crypto ecosystem,” analysts led by Kenneth Worthington wrote. This included tokens, decentralized finance (DeFi), stablecoins and publicly listed companies with crypto exposure.

The bank noted that the crypto ecosystem recorded its best monthly return, with its market cap rising 45%. Total crypto market cap swelled to $3.3 trillion.

Volumes across the crypto market more than doubled, with some digital assets witnessing even higher growth in trading activity, the report said. The bank noted that non-fungible token (NFT) volumes were weaker.

The U.S. spot exchange-traded products (ETPs) the bank tracks also witnessed record monthly net sales, around $7.6 billion combined.

Bitcoin ETPs grew in both size and trading volume and, while these products are not eating away at BTC spot trading volumes, the “ecosystem continues to trend increasingly concentrated around bitcoin,” the authors wrote.

Bitcoin dominance has been rising for most of the year, although it’s declined in recent weeks, in part due to the rising popularity of BTC ETPs, which accounted for $105 billion of assets at the end of last month, JPMorgan said.

Mining economics improved in November as the rally in the world’s largest cryptocurrency outpaced hashrate growth, the report added. Hashrate refers to the computational power securing the Bitcoin network.

Read more: Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi





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Crypto Markets Have Benefited From a Positive Environment Since U.S. Election: Citi

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Bitcoin (BTC) reached an all-time high above $100,000 earlier this week as a number of tailwinds fueled a post-U.S.-election rally in the world’s largest cryptocurrency, Citi (C) said in a research report on Thursday.

“The nomination of digital asset-friendly Paul Atkins to chair the SEC provided the final boost,” that saw bitcoin break through $100,000 to record highs, analysts led by Alex Saunders wrote.

The cryptocurrency was trading around $98,500 at the time of publication.

Bitcoin continues to be bolstered by exchange-traded fund (ETF) flows and other buying as adoption grows, the bank noted.

The macro environment is also constructive for digital assets. Loose financial conditions and resilient growth are positive for crypto tokens, Citi said.

“Other digital assets likely have more to gain from a more permissive regulatory environment,” the authors wrote, noting that bitcoin’s dominance has fallen.

Citi said it hasn’t seen a notable rise in on-chain activity.

Over the longer term, the bank said a network’s utility or value will be linked to its usage, macro correlations and production costs.

A new, more benign regulatory system could unlock more and wider use cases for blockchain assets, the report added.

More permissive crypto policies should broaden the asset class, Citi said, but bitcoin, which has already been classified as a commodity, and has both a spot ETF and a futures contract, has less to gain than other tokens.

Read more: Bitcoin Crashed Below $94K in Sudden Plunge From record Perch Around $100K





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Bitcoin Mining Revenue, Profit Fell in October for a Fourth Consecutive Month: JPMorgan

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The network’s monthly average hashrate surged to a record high, the report said.



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